HIGH COURT MALAYA KUALA LUMPUR
KUMAGAI GUMI CO LTD – Appellant
Versus
ZENECON-KUMAGAI SDN BHD & ORS AND ANOTHER APPLICATION – Respondent
[Orginating Petition No: D3-26-13-1991 Companies (Winding-Up) No: D6-28-84-1992]
[1] These are two petitions under the Companies Act 1965 (which for convenience, I will, throughout this judgment, refer to as 'the Act'). Petition No D3-26-13-91 has been filed under s 181 of the Act and Petition No D6-28-84-92 has been filed under s 218 of the Act. For brevity's sake, I will refer to each of them as the oppression petition and the winding-up petition, respectively.
[2] In order to appreciate the dispute in this case, it is necessary to identify the parties involved.
[3] In the oppression petition, Kumagai-Gumi Co Ltd is the petitioner and the respondents are Zenecon-Kumagai Sdn Bhd, Zenecon Sdn Bhd, Low Hua Kin @ Loo Wah Kim, Cheah Woon Kwong, Loo Hoi Kin @ Liew Hoe Kin and Yu Hee Ming.
[4] In the winding-up petition, the petitioner is Kumagai-Gumi Co Ltd and the company sought to be wound up is the first respondent in the oppression petition. For convenience, I will, throughout this judgment, be referring to Kumagai-Gumi Co Ltd as 'the petitioner' and Zenecon-Kumagai Sdn Bhd as 'the company', in reference to both petitions. References to other respondents will be in the order in which they appear in the oppression petition.
[5] After filing the oppression petition on 2 May 1991, the petitioner took out an ex parte summons-in-chambers dated 2 May 1991 asking for several orders in the nature of injunctions. On the same day, that is to say, 2 May 1991, the petitioner obtained an ex parte order in terms of its application before VC George J. In view of the approach I have taken in this case, it is important that the terms of that order be reproduced. This is how that order reads:
Upon the application of Kumagai Gumi Co Ltd, the petitioner in this action and upon reading the summons-in-chambers dated 2 May 1991 and the affidavits of Shungo Okazaki both affirmed on 2 May 1991, and all filed herein and upon hearing Mr Lambert Rasa-Ratnam of counsel for the petitioner abovenamed and the petitioner by its counsel undertaking to abide by any order the court or a judge may make as to damages in case the court or a judge shall hereafter be of opinion that the respondents shall have sustained any by reason of this order which the petitioner ought to pay, it is ordered and directed that the respondents and each of them whether by themselves their servant and/or agents or otherwise howsoever be restrained, and an injunction is hereby granted restraining:
(a) them from convening and/or attending the extraordinary general meeting of the members and shareholders of the first respondent fixed for 3 May 1991 at 2.30pm or any adjourned meeting in respect thereof;
(b) them from removing and/or threatening to remove Mr Yoshio Ichijo and/or any other directors appointed by the petitioner as a director of the first respondent unless requested for by the petitioner;
(c) them from inviting to be present at any meeting of the shareholders, directors and/or the board of directors of the first respondent any third party or person not being a shareholder or director of the first respondent, or its company secretary duly appointed as such, without the prior approval of the shareholders or directors present at any such meeting;
(d) them from exercising their rights and/or powers whether as members, shareholders and/or directors or howsoever in any manner inconsistent with
(e) the third respondent from exercising and/or purporting to exercise any casting and/or second vote at any meeting of the directors or the board of directors of the first respondent;
(f) them from acting on and/or implementing and/or carrying into effect in any manner whatsoever any or all the resolutions passed and/or decisions made or taken at the meeting of the board of directors of the first respondent held on 4 April 1991;
(g) the sixth respondent from acting and/or holding herself out as an officer or company secretary of the first respondent and from discharging any functions of whatsoever nature in relation to any such office;
(h) them from attending and/or h
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